XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Mar. 31, 2024
CURRENT ASSETS    
Cash $ 509,601 $ 786,060
Accounts receivable, net 1,235,867 1,468,655
Inventory [Note 3] 1,570,085 1,879,402
Deposits and other receivables 1,545,790 336,456
Total current assets 4,861,343 4,470,573
Deposits and other receivables [Note 10] 112,972 85,000
Long-term accounts receivable 82,607 149,907
Property and equipment [Note 12] 11,087 15,552
Operating right of use assets [Note 10] 919,394 1,221,593
TOTAL ASSETS 5,987,403 5,942,625
CURRENT LIABILITIES    
Accounts payable and accrued liabilities [Note 4] 8,407,458 9,473,118
Convertible promissory notes and short term loans [Note 5] 9,409,106 9,376,471
Term loan, current 2,400,000 2,400,000
Derivative liabilities [Note 8] 412,941 991,866
Operating lease obligations, current [Note 10] 511,922 457,371
Total current liabilities 21,141,427 22,698,826
Federally guaranteed loans [Note 7] 870,800 870,800
Term loan [Note 6] 11,724,476 9,985,033
Derivative liabilities [Note 8] 1,507,271 1,435,668
Operating lease obligations 539,398 929,115
TOTAL LIABILITIES 35,783,372 35,919,442
MEZZANINE EQUITY    
Series B Convertible Redeemable preferred stock, $0.001 par value, 600 shares authorized as of December 31, 2024 and March 31, 2024, respectively, 410 and 265 shares issued and outstanding as of December 31, 2024 and March 31, 2024, respectively [Note 9] 2,143,197 1,488,920
STOCKHOLDERS’ DEFICIENCY    
Common stock $0.001 par value, 125,000,000 shares authorized as at December 31, 2024, and March 31, 2024, respectively. Issued and outstanding common shares: 24,394,442 and 9,353,768 as at December 31, 2024 and March 31, 2024, respectively, and exchangeable shares of 160,672 outstanding as at December 31, 2024 and March 31, 2024, respectively [Note 9] 24,556 9,515
Shares to be issued 1,005,939 and 324,276 shares of common stock as at December 31, 2024 and March 31, 2024, respectively) [Note 9] 298,543 269,065
Additional paid-in-capital 105,154,121 95,723,083
Accumulated other comprehensive (loss) / income 3,265 32,378
Accumulated deficit (137,419,652) (127,499,785)
Total stockholders’ deficiency (31,939,166) (31,465,737)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIENCY 5,987,403 5,942,625
Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIENCY    
Preferred stock, value 1 1
Series A Preferred Stock [Member]    
STOCKHOLDERS’ DEFICIENCY    
Preferred stock, value $ 6